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April 22, 2021, 1:35 p.m. EDT

J.B. Hunt raises dividend by 7.1%, now yields about half the S&P 500

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By Tomi Kilgore

J.B. Hunt Transport Services Inc. /zigman2/quotes/205536609/composite JBHT +0.95% said Thursday it was raising its quarterly dividend by 7.1% to 30 cents a share. The new dividend will be payable May 21 to shareholders of record on May 7. The trucking company's stock rose 2.0% in afternoon trading. Based on current prices, the new annual dividend rate implies a dividend yield of 0.71%, which compares with the yield for the SPDR Industrial Select Sector ETF /zigman2/quotes/202026558/composite XLI -0.53% of 1.26% and the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.08% of 1.40%, according to FactSet. J.B. Hunt's stock has rallied 69.6% over the past 12 months, while the industrial ETF has climbed 67.0% and the S&P 500 has advanced 48.5%.

/zigman2/quotes/205536609/composite
US : U.S.: Nasdaq
$ 170.69
+1.60 +0.95%
Volume: 382,522
Sept. 21, 2021 4:00p
P/E Ratio
30.47
Dividend Yield
0.70%
Market Cap
$17.79 billion
Rev. per Employee
$317,944
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/zigman2/quotes/202026558/composite
US : U.S.: NYSE Arca
$ 98.34
-0.52 -0.53%
Volume: 14.34M
Sept. 21, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,354.19
-3.54 -0.08%
Volume: 1.91B
Sept. 21, 2021 5:12p
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